Stop the Full Ban of Multiple Representation in Real Estate
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SUPPORT AN EXCEPTION FOR COMMERCIAL PRACTICE IN THE BAN OF MULTIPLE REPRESENTATION PROPOSED BY OREA
Commercial Real Estate is recognized within the industry as a distinct area of specialization. There are several examples of where Commercial Real Estate Practice is acknowledged and treated differently than residential real estate by regulatory bodies. For example: OREA offers a unique course stream of specialization, TREB offers unique courses, CREA offers different forms.
When it comes to the recent announcement made by OREA to reform REBBA for higher standards, this petition would like to ask that an exception is made to the proposed ban on multiple representation. While we support reform for higher standards, a ban on multiple representation that extends to commercial practice would have significant consequences that would be detrimental and place undue hardship on our clients. Our primary concern is for the privacy of our clients.
To learn more about the proposed REBBA reform, click here
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